Invitation Homes Inc. (NYSE:INVH) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Invitation Homes Inc. (NYSE:INVH) have earned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $39.00.

A number of analysts recently issued reports on INVH shares. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. boosted their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $37.00 to $36.00 in a research note on Monday, September 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th.

Invitation Homes Stock Performance

Shares of INVH opened at $33.75 on Tuesday. The firm has a market cap of $20.67 billion, a PE ratio of 38.79, a PEG ratio of 4.71 and a beta of 1.01. The stock’s fifty day moving average price is $35.58 and its two-hundred day moving average price is $35.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. On average, equities research analysts forecast that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s payout ratio is currently 128.74%.

Hedge Funds Weigh In On Invitation Homes

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BOK Financial Private Wealth Inc. purchased a new stake in Invitation Homes during the 1st quarter valued at about $26,000. UMB Bank n.a. boosted its holdings in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC purchased a new stake in Invitation Homes during the 3rd quarter valued at about $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the 2nd quarter valued at about $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Invitation Homes during the 2nd quarter valued at about $44,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.